NTPC to issue NCDs of Rs. 1500 crores

NTPC has decided to issue unsecured non-convertible debentures of Rs.1,500 crore on 29 April 2022, through private placement at a coupon of 5.78% p.a. with a door to door maturity of 2 years on 29 April 2024. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on BSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These debentures are issued under the approval obtained through shareholders’ resolution dated 28 September, 2021.

Shares of NTPC Limited was last trading in BSE at Rs. 157.00 as compared to the previous close of Rs. 155.95. The total number of shares traded during the day was 506718 in over 3221 trades.

The stock hit an intraday high of Rs. 158.40 and intraday low of 156.00. The net turnover during the day was Rs. 79593968.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 FundRaising NCDs